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Michael Covel's Trend Following

Ep. 715: Ann Mei Chang Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 30 November 2018

⏱️ 48 minutes

🧾️ Download transcript

Summary

My guest today is Ann Mei Chang. She was a technology executive with more than 20 years of experience at Google, Apple, and Intuit, as well as a range of startups before she pivoted her career into the private, social and non-profit sectors. She now works with companies around the world to help streamline growth and innovation.

The topic is her book Lean Impact: How to Innovate for Radically Greater Social Good.

In this episode of Trend Following Radio we discuss:

  • Political grandstanding
  • Process vs. outcome
  • Understanding your base customer
  • Projecting bias
  • Non-profit work

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0

This is trend following radio where great thinking comes alive.

0:10.9

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

0:21.2

I am your host, Michael Covel, not filtered, raw, honest.

0:27.4

That's my passion.

0:33.6

A few years back, a book appeared, made quite the wave, the lean startup, how today's

0:40.5

entrepreneurs use continuous innovation to create radically successful businesses.

0:46.6

Eric Rice.

0:48.2

Now, this book came out in 2011, and as I said, it kind of made a dent, the lean startup, meaning you don't necessarily have to

0:58.9

start with the best laid plan of all this money from a bunch of investors and you have to have

1:05.0

it all figured out before you get there.

1:08.6

No, that's not how it works.

1:16.6

It works by being lean. And Anne Chang, my guest today,

1:24.0

a close associate of Erics, she is a leading advocate for social innovation. And to that end, she has authored Lean Impact, to innovate for radically greater social good i have to

1:30.8

raise my hand and say i don't know much about the non-profit world how money has distributed

1:38.1

when people give how that money is distributed and what happens with the money. What's the process?

1:45.5

Do the people that really need the money get the help?

1:48.7

Is it efficient?

1:49.9

Is it effective?

1:51.7

I usually don't think about these issues.

1:54.7

But Anne does.

1:56.4

In taking her understanding of the lean startup,

2:04.5

she's applied it to the world of social good.

...

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